INVITE-ONLY SCRIPT
已更新 Point of Return - Dynamic Price Reaction Ranges
This is one of the many parts of my upcoming strategy, and used by me on daily basis.
This indicator incorporates various price action models and candlestick patterns, and combines them together to form a price point which is highly reactive in nature.
In the background it works on multitude of permutations and combinations to calculate the price point which tell us exactly where price will most likely react in the future, removing rooms for errors while drawing support and resistance .
This can be used on multiple ways:
1. Chop indication - As soon as the indication pops up, it marks a price which is most likely start of a chop zone and break from either direction marks end of the chop zone.
2. Point of Return - As soon as a the price moves away from the chop zone, it will most likely return to the indicated price before moving in the direction of the break, giving us high RR trades.
3. Dynamic Support and Resistance - This also acts as a dynamic support and resistance and apart from your already established S/R you can incorporate these price points as your decision maker or breakers.
PS : This is not to be used as a Buy/Sell signals and is only should act as confirmation of what you already know and to gauge the market sentiments.
There is a hidden easter egg on this page and chart which gives you preview of the upcoming indicator. Have fun finding out.
You can reach me here on my DM for more details.
Below are the few snaps from different timeframes:
1. 4H XBTUSD -
2. 2H XBTUSD -
3. 8H XBTUSD -
This indicator incorporates various price action models and candlestick patterns, and combines them together to form a price point which is highly reactive in nature.
In the background it works on multitude of permutations and combinations to calculate the price point which tell us exactly where price will most likely react in the future, removing rooms for errors while drawing support and resistance .
This can be used on multiple ways:
1. Chop indication - As soon as the indication pops up, it marks a price which is most likely start of a chop zone and break from either direction marks end of the chop zone.
2. Point of Return - As soon as a the price moves away from the chop zone, it will most likely return to the indicated price before moving in the direction of the break, giving us high RR trades.
3. Dynamic Support and Resistance - This also acts as a dynamic support and resistance and apart from your already established S/R you can incorporate these price points as your decision maker or breakers.
PS : This is not to be used as a Buy/Sell signals and is only should act as confirmation of what you already know and to gauge the market sentiments.
There is a hidden easter egg on this page and chart which gives you preview of the upcoming indicator. Have fun finding out.
You can reach me here on my DM for more details.
Below are the few snaps from different timeframes:
1. 4H XBTUSD -
2. 2H XBTUSD -
3. 8H XBTUSD -
發行說明
Calculation Update發行說明
Added Line ExtensionsAdded Drop Down Menu for Length Selection
Added Condition to stop plotting line once price moves across the line
Added Minimum line extension length
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作者的說明
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
@fiatdropout
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡FiatDropout。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
@fiatdropout
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。